Hypercom Introduces IN-tact IP Gateway Converter To Speed Card Payment Transactions for Millions of Merchants Worldwide
·
No IP Card Payment Terminal Required: IN-tact 1101 Lets Millions of Retailers Immediately Harness the Power, Speed of the Internet
2004 ETA Annual Meeting & Expo, Las Vegas, NV, April 20, 2004 - Global payment technology leader Hypercom Corporation (NYSE: HYC) today introduced the Hypercom(r) IN-tact(tm) 1101; a compact, high speed, low cost Internet Protocol (IP) gateway device that converts existing Hypercom terminals into faster, IP-enabled card payment terminals. The Hypercom® IN-tact™ 1101 is specifically designed for millions of small and multi-lane retailers who want to gain the faster transaction speeds and lower communications costs inherent in Internet connectivity.
"Effective immediately, any merchant who wants the speed and cost savings of IP connectivity can now gain those competitive advantages, faster and more affordably than ever before with IN-tact. This is an extraordinary step forward for the card payment industry and the millions of merchants who want to quickly and cost-effectively add the power and transaction speed of Internet connectivity to their existing Hypercom card payment terminals, and it is the first in a series of IN-tact devices that we are bringing to market," said Chris Alexander, Chairman and CEO, Hypercom Corporation.
Measuring a compact 6" (wide) x 1.5" (height) x 8" (deep), each ultra slim IN-tact 1101 allows the retailer with as few as one or as many as 16 Hypercom terminals to quickly and easily connect to the Internet. The innovative IN-tact 1101 uses 3DES and Secure Socket Layer (SSL) session security to encrypt and transmit transactions virtually instantaneously, accelerating check out lines and boosting the retailer`s profit lines.
Fast, Secure and Intelligent Integration at The Point-of-Transaction
Hypercom`s innovative IN-tact 1101 also gives Independent Sales Organizations (ISOs) or financial institutions the ability to deliver an array of time saving and/or revenue-generating, profit-building services to the merchant countertop. The IN-tact continually monitors and alerts an ISO to any interruption in services. Secure remote management options allow a help desk to proactively troubleshoot issues right down to the terminal level, perhaps even before the merchant has realized that a problem exists. This provides unprecedented levels of service and availability to the merchants.
"We are excited to be bringing this innovative, profit building technology to the retail countertop. The IN-tact 1101 intelligently integrates with the merchant`s existing terminal base to deliver high speed, high security transactions over the Internet, while preserving the merchant`s investment in equipment and training. With the IN-tact 1101, we are bringing to market a fast, efficient, affordable, dependable and intelligent solution that adds a new and very logical dimension to card payments for retailers, ISOs and financial institutions worldwide," said Simon Taylor, executive vice president, Hypercom Corporation.
"An increasing number of merchants are looking for the speed and benefits of IP-based transaction processing, but the costs of implementing a new system are prohibitive to implement," said Trevor Healy, vice president, VeriSign Payment Services. "Hypercom`s IN-tact provides a concrete means by which merchants can achieve those benefits, helping them improve their overall operational performance."
About Hypercom (www.hypercom.com)
Celebrating 26 years of technology excellence, innovation and leadership, Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers.
Widely recognized as the global payment technology innovator, Hypercom delivers comprehensive card payment terminal, network and server solutions that help merchants and financial institutions generate revenues and increase profits.
Headquartered in Phoenix, Arizona, Hypercom`s card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries.
# # #
Hypercom is a registered trademark of Hypercom Corporation. IN-tact is a trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Hypercom management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in Hypercom`s SEC reports, including the company`s most recent 10-K and subsequent 10-Qs.
Back...
